![Jalandhar's sports industry looks to start a new innings](https://cdn.magzter.com/1547192204/1716500703/articles/r85t7gdMCdJu7wF5n3isys/JALANDHARS-SPORTS-INDUSTRY-LOOKS-TO-START-A-NEW-INNINGS.jpg)
When asked about the flaring tempers, he said: "There are fewer people visiting this place now. We have barely any business." Pulling the rickshaw through the dusty street, he bemoans the lack of customers. "Before the online business, this used to be a bustling market.
You wouldn't be able to tell a Sunday from a Monday. We heard about this place in Bihar and came 25 years ago.
Now, the situation is such that we have to go back during some months because the business is so bad." The origins of the Jalandhar sports industry can be traced to partition. In 1947, people shifted from Sialkot.
Initially settled in Batala, these people moved to Jalandhar and Meerut, where raw material was easily available. The industry in Jalandhar was thriving until the pandemic came.
"Covid was a major blow to us. And even after four years, we have not reached the pre-pandemic levels.
Although things have recovered, they are far from what they were, and we expect the new government to look into the matter," says Dheeraj Kumar, general manager, Spartan.
GST and policy woes A major problem cited by the industry is the variable goods and services tax (GST) rates.
"We want the new government to make the rates consistent. As of now, they vary across 5, 12 and 18 per cent.
هذه القصة مأخوذة من طبعة May 24, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة May 24, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Indian sports beyond the boundary
Little has been written about Indian sport, and practically nothing about the governance challenges as sport is powered by commerce.
![Expansion of Ayushman Bharat a priority](https://reseuro.magzter.com/100x125/articles/18959/1733126/qZPH0CxrRQMcEM55c4csys/EXPANSION-OF-AYUSHMAN-BHARAT-A-PRIORITY.jpg)
Expansion of Ayushman Bharat a priority
Expansion of Ayushman Bharat Yojana to cover everyone aged above 70 years, launch of the National Health Claims Exchange (NHCX) and a special drive against tobacco use among youngsters were among the top agenda items discussed during the first high-level meeting chaired by Union Minister of Health and Family Welfare, JP Nadda on Friday.
![MAKING A RACQUET](https://reseuro.magzter.com/100x125/articles/18959/1733126/6tXVRUKA21718404249659/MAKING-A-RACQUET.jpg)
MAKING A RACQUET
At long last, India has a player in the top 100 ATP rankings. But can Indian tennis match the success of badminton?
![Will rural consumers roar?](https://reseuro.magzter.com/100x125/articles/18959/1733126/5BxCpxpRtxIaYZCFxBGsys/WILL-RURAL-CONSUMERS-ROAR.jpg)
Will rural consumers roar?
\"Rural FMCG growth overtakes urban after 5 quarters,\" read the headline (Business Standard, May 8, 2024).
MFS or NPS? Go for both if you don't mind latter's lock-in
If one were to compare the category average returns of Tier-I equity plans of the National Pension System (NPS) with the direct plans of largecap mutual funds (MFS), the latter have a small edge currently.
![Ambuja eyes more buys after Penna deal](https://reseuro.magzter.com/100x125/articles/18959/1733126/XjDFb2IIPicCgJ2cvFDsys/AMBUJA-EYES-MORE-BUYS-AFTER-PENNA-DEAL.jpg)
Ambuja eyes more buys after Penna deal
Adani Group aims to become leader in cement sector in 4 years
Sensex, Nifty hit lifetime highs
Benchmark equity indices Sensex and Nifty hit their new closing lifetime highs on Friday, following buying in market heavyweights HDFC Bank, Reliance Industries and Mahindra & Mahindra amid encouraging export data.
Short-term margin overhang likely for Tata Communications
The management of Tata Communications presented its product-to-platform strategy and explained how it hopes to grow its new products and portfolios, and geographies.
CLSA sees further rerating scope in Vedanta
Shares of Vedanta rose as much as 2.8 per cent on Friday after the Hong Kong-based brokerage CLSA in a report said there was scope for further re-rating for the stock.
Abrdn favours Chinese, Indian stocks on policy boost hopes
Abrdn Plc prefers Chinese and Indian stocks over their Japanese peers in the next three to six months, betting that the right policy moves would help the two emerging markets lure fund inflows.